CONWAY, AR - Home BancShares Inc. reported robust financial results today, with fourth-quarter profits of $86.2 million and earnings per share (EPS) of 51 cents. Adjusted for certain items, the earnings per share stood at 48 cents, outperforming analyst expectations.
The company, which is known for its community banking services and operates under the name Centennial Bank, disclosed a quarterly revenue of $349.1 million. A significant portion of this revenue came from net interest income, which amounted to approximately $203 million.
Reflecting on the entire fiscal year, Home BancShares' total profit reached nearly $398 million, with earnings amounting to $1.97 per share. The annual revenue was reported at $996.9 million.
CEO John Allison highlighted some challenges faced during the quarter, noting unexpected costs that impacted the bottom line. An FDIC assessment, in particular, was mentioned as a contributing factor that reduced quarterly earnings by five cents per share.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.